Track DraftKings Inc. stock price action, market predictions, financials, and news. DraftKings recently signed a multi-year agreement to become ESPN's official betting site starting December 1, following ESPN's split with PENN Entertainment.
DraftKings’ market capitalization has fallen 40% due to increased competition from prediction markets like Kalshi and Polymarket that enable betting on sports events, posing challenges to traditional platforms.
Sector: Consumer Services
Industry: Movies/Entertainment
CEO: Jason D. Robins
Website: draftkings.com
Headquarters: Boston
Founded: 2011
ISIN: US26142V1052
FIGI: BBG0134WCM78
DraftKings has signed a multi-year deal to be the official betting site for ESPN, starting December 1, after ESPN ended its partnership with PENN Entertainment.
DraftKings continues to face growing competition from innovative prediction markets, affecting its market value.
Summary: DraftKings shifts focus with a key ESPN partnership amid market cap decline driven by rising competition from novel prediction betting platforms.
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